DRY CELL AND STORAGE BATTERY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32,500 VND | +1.72% |
|
-2.26% | +34.02% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,800,779 | 1,161,793 | 1,277,972 | 1,719,453 | 1,547,508 | 1,126,939 |
| Enterprise Value (EV) 1 | 2,373,365 | 1,746,077 | 1,749,363 | 2,016,490 | 2,085,342 | 1,550,572 |
| P/E ratio | 12.4 x | 7.74 x | 9.56 x | 11 x | 10.9 x | 10.9 x |
| Yield | 5.16% | 8% | 5.45% | 4.05% | 5.11% | - |
| Capitalization / Revenue | 0.61 x | 0.38 x | 0.43 x | 0.56 x | 0.46 x | 0.35 x |
| EV / Revenue | 0.8 x | 0.57 x | 0.59 x | 0.66 x | 0.61 x | 0.49 x |
| EV / EBITDA | 8.24 x | 5.84 x | 6.2 x | 7.48 x | 6.5 x | 6.05 x |
| EV / FCF | 117 x | -31.7 x | 19 x | 19 x | -9.06 x | 12.7 x |
| FCF Yield | 0.85% | -3.16% | 5.27% | 5.27% | -11% | 7.86% |
| Price to Book | 3 x | 1.74 x | 1.75 x | 1.98 x | 1.67 x | 1.19 x |
| Nbr of stocks (in thousands) | 46,472 | 46,472 | 46,472 | 46,472 | 46,472 | 46,472 |
| Reference price 2 | 38,750 | 25,000 | 27,500 | 37,000 | 33,300 | 24,250 |
| Announcement Date | 3/19/19 | 3/24/20 | 3/18/21 | 3/10/22 | 3/13/23 | 3/10/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,965,438 | 3,078,987 | 2,954,018 | 3,048,518 | 3,398,698 | 3,184,947 |
| EBITDA 1 | 288,052 | 299,031 | 282,139 | 269,576 | 320,892 | 256,465 |
| EBIT 1 | 201,386 | 214,234 | 202,380 | 188,167 | 229,784 | 171,029 |
| Operating Margin | 6.79% | 6.96% | 6.85% | 6.17% | 6.76% | 5.37% |
| Earnings before Tax (EBT) 1 | 197,334 | 211,981 | 189,507 | 222,412 | 201,040 | 154,325 |
| Net income 1 | 157,903 | 166,695 | 148,583 | 173,827 | 157,931 | 115,202 |
| Net margin | 5.32% | 5.41% | 5.03% | 5.7% | 4.65% | 3.62% |
| EPS 2 | 3,126 | 3,228 | 2,878 | 3,366 | 3,059 | 2,231 |
| Free Cash Flow 1 | 20,217 | -55,142 | 92,161 | 106,295 | -230,069 | 121,870 |
| FCF margin | 0.68% | -1.79% | 3.12% | 3.49% | -6.77% | 3.83% |
| FCF Conversion (EBITDA) | 7.02% | - | 32.67% | 39.43% | - | 47.52% |
| FCF Conversion (Net income) | 12.8% | - | 62.03% | 61.15% | - | 105.79% |
| Dividend per Share 2 | 2,000 | 2,000 | 1,500 | 1,500 | 1,700 | - |
| Announcement Date | 3/19/19 | 3/24/20 | 3/18/21 | 3/10/22 | 3/13/23 | 3/10/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 572,586 | 584,284 | 471,391 | 297,037 | 537,834 | 423,633 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.988 x | 1.954 x | 1.671 x | 1.102 x | 1.676 x | 1.652 x |
| Free Cash Flow 1 | 20,217 | -55,142 | 92,161 | 106,295 | -230,069 | 121,870 |
| ROE (net income / shareholders' equity) | 24.9% | 26.1% | 21.2% | 21.8% | 17.8% | 12.3% |
| ROA (Net income/ Total Assets) | 6.21% | 5.61% | 5.18% | 4.82% | 5.88% | 4.41% |
| Assets 1 | 2,542,602 | 2,970,860 | 2,868,005 | 3,606,443 | 2,685,770 | 2,613,602 |
| Book Value Per Share 2 | 12,906 | 14,384 | 15,715 | 18,664 | 19,896 | 20,324 |
| Cash Flow per Share 2 | 2,301 | 4,013 | 3,214 | 2,564 | 2,446 | 3,485 |
| Capex 1 | 178,884 | 164,626 | 96,062 | 99,525 | 202,538 | 80,293 |
| Capex / Sales | 6.03% | 5.35% | 3.25% | 3.26% | 5.96% | 2.52% |
| Announcement Date | 3/19/19 | 3/24/20 | 3/18/21 | 3/10/22 | 3/13/23 | 3/10/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +34.02% | 59.52M | |
| +26.72% | 126B | |
| -8.42% | 67.43B | |
| -7.84% | 21.38B | |
| +6.03% | 17.1B | |
| -22.57% | 16.27B | |
| -7.96% | 10.98B | |
| -10.09% | 4.78B | |
| -12.28% | 4.11B | |
| +6.45% | 4.04B |
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